Missouri Revised Statutes
Chapter 253 - State Parks and Historic Preservation
Section 253.260 - Bonds, denomination, interest rate, contents — negotiable — income exempt from income taxes.

Effective - 28 Aug 1982
253.260. Bonds, denomination, interest rate, contents — negotiable — income exempt from income taxes. — 1. Bonds issued pursuant to sections 253.210 to 253.280 shall be of such denomination, shall bear such rate of interest, not to exceed fourteen percent per annum, and shall mature at such time, within forty years from the date of issuance, as the department of natural resources may determine. The bonds may be either serial or term bonds.
2. Serial bonds may be issued with or without the reservation of the right to call them for payment and redemption in advance of their maturity, upon giving such notice, and with or without a covenant requiring the payment of a premium in the event of payment and redemption prior to maturity as the department of natural resources may determine.
3. Term bonds shall contain a reservation of the right to call them for payment and redemption prior to maturity at such time and upon the giving of such notice and upon the payment of such premium, if any, as the department of natural resources may determine.
4. The bonds, when issued, shall be sold at public sale for the best price obtainable after giving such reasonable notice of the sale as the department of natural resources may determine except that no bonds shall be sold for less than ninety-five percent of their par value, and accrued interest.
5. The bonds may be sold to the United States of America or to any of its agencies or instrumentalities, at a price not less than par and accrued interest, without public sale and without the giving of the notice prescribed in this section.
6. The bonds, when issued and sold, shall be negotiable instruments within the meaning of the law merchant and the negotiable instruments law, and the interest thereon shall be exempt from income taxes under the laws of this state.
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(L. 1957 p. 300 § 5, A.L. 1959 H.B. 361, A.L. 1969 3d Ex. Sess. H.B. 28, A.L. 1971 S.B. 163, A.L. 1976 S.B. 778, A.L. 1982 S.B. 696)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XVI - Conservation, Resources and Development

Chapter 253 - State Parks and Historic Preservation

Section 253.010 - Definitions.

Section 253.022 - Department of natural resources to administer the National Historic Preservation Act.

Section 253.024 - Plan for expenditure of federal funds to be submitted to appropriations and oversight division of the committee on legislative research — contents of plan.

Section 253.035 - Rules and regulations, procedure.

Section 253.040 - Acquisition of land — eminent domain.

Section 253.043 - Park boundary conflicts, department authorized to convey up to five acres as part of land trade, conditions.

Section 253.045 - Department of natural resources may mark and maintain certain former governors' graves.

Section 253.048 - Flags authorized for display in state parks.

Section 253.050 - Obligations incurred only as authorized by appropriation.

Section 253.060 - Director's and staff's qualifications — compensation.

Section 253.065 - Park rangers, appointment, powers as peace officers.

Section 253.067 - Volunteers may supplement programs — duties of division — status of volunteers — expenses — definition.

Section 253.070 - Expenditures, how made.

Section 253.078 - Annual stakeholder meeting in each park district — stakeholders may petition director, when — stakeholder defined.

Section 253.080 - Director of natural resources may construct and operate facilities and collect fees for usage — concession contracts — limitations — bond — recordkeeping — advertising merchandise, permission required — private providers permitted,...

Section 253.082 - Fund established for each facility head at state parks and scenic sites — purpose of fund — limitation, rules — revolving fund for sale of Division of State Parks items established.

Section 253.090 - State park earnings fund created, how used.

Section 253.092 - Arrow Rock state historic site endowment fund created, expenditure of moneys in fund — state treasurer to be custodian.

Section 253.095 - Interpretive or education services, agreements entered into with not-for-profit organizations for state parks, space provided — net proceeds retained by organization.

Section 253.100 - Removal of timber only on order of record.

Section 253.110 - The Confederate Memorial Park as state park.

Section 253.120 - Confederate Memorial Park endowment fund.

Section 253.130 - Portrait to be located in Mark Twain state park.

Section 253.140 - Department of natural resources to maintain as historical sites all covered wooden bridges donated to the state.

Section 253.147 - Maintenance, repair, and construction report to general assembly, contents.

Section 253.150 - Definitions.

Section 253.155 - Motor vehicles may operate, where, exception.

Section 253.160 - Speed limits in park.

Section 253.165 - Vehicles in parks subject to general law regulating such vehicles.

Section 253.170 - Penalty.

Section 253.175 - Rock Island Railroad corridor, fencing to be maintained by division of state parks.

Section 253.177 - Rock Island Trail State Park endowment fund created — use of moneys — refunds, when.

Section 253.180 - Domestic animals prohibited from running at large.

Section 253.185 - Domestic animals, how controlled — prohibited in buildings, exception — dog park, designated area.

Section 253.190 - Exempted domestic animals.

Section 253.195 - Fireworks prohibited, exception.

Section 253.200 - Taking of wildlife prohibited, exception.

Section 253.205 - Penalty.

Section 253.210 - Definitions.

Section 253.220 - Erection of structure in park to accommodate visitors — may acquire land.

Section 253.230 - Revenue bonds — conditions of issue, approval, sources of payment — department of natural resources building fund.

Section 253.240 - Bonds issued on resolution of board, when.

Section 253.250 - Revenue bonds not obligations of state.

Section 253.260 - Bonds, denomination, interest rate, contents — negotiable — income exempt from income taxes.

Section 253.270 - Department of natural resources may prescribe form of bonds — holder may compel performance of duties.

Section 253.280 - Bonds refunded, when — refunding bonds may include interest — how paid.

Section 253.290 - Leases for development and operation of resort facilities — rentals.

Section 253.300 - Leases to be let on competitive bids.

Section 253.310 - Lessees to give bond.

Section 253.320 - Conditions required in leases — effect of encumbrances of lessee.

Section 253.350 - Babler memorial state park — powers of department of natural resources.

Section 253.360 - Fund created, use of income and corpus, investments.

Section 253.370 - Thomas Hart Benton homestead memorial.

Section 253.380 - Pansy Johnson-Travis memorial state gardens and trust fund.

Section 253.385 - Acquisition of Rice-Tremonti Home by department of natural resources — duties.

Section 253.387 - Antioch Cemetery in Clinton, department of natural resources authorized to purchase — procedure — fund created, use of moneys.

Section 253.395 - Historic preservation revolving fund authorized — definitions — use of fund.

Section 253.400 - Short title.

Section 253.401 - Definitions.

Section 253.402 - Purpose of fund — administration.

Section 253.403 - Property, acquired how — condemnation prohibited — award of grants, procedure, rulemaking authority.

Section 253.404 - Property, interest limited to estate, or term necessary to preserve and protect.

Section 253.405 - Sale or lease of acquired property subject to restrictions — reversion clause.

Section 253.407 - Unexpended balance not to be transferred to general revenue.

Section 253.408 - State historic preservation act — state historic preservation officer to be director of natural resources, duties — advisory council, powers and duties.

Section 253.409 - Designation of historic districts, structure or sites, certain counties, procedure — property owners must concur — not applicable to cities (Greene and Christian counties).

Section 253.410 - Deputy state preservation officer appointment — to serve as director — staff, qualifications.

Section 253.415 - Local historic preservation citation — historic preservation commission may be established by ordinance — powers — qualifications.

Section 253.420 - Shipwrecks meeting historic register criteria, salvage or excavation requirements, permit, fee — embedded, defined — violation, penalty, rules, procedure.

Section 253.421 - Abandoned materials belong to the state — definitions — rulemaking.

Section 253.500 - Disapproval of conveyance by United States to state of land related to Meramec Park Lake Project, exceptions — restrictive covenants, exceptions.

Section 253.510 - Sale of land authorized — procedure — committee established, qualifications, appointment, duties.

Section 253.520 - Distribution of proceeds from land sales — Meramec-Onondaga state parks fund, created, purpose.

Section 253.530 - State treasurer to be custodian of fund, duties, powers.

Section 253.540 - Department of natural resources' authority to use income and annual percentage of fund.

Section 253.545 - Definitions.

Section 253.550 - Tax credits, qualified persons or entities, maximum amount, limitations — exceptions.

Section 253.557 - Credits exceeding tax liability — distribution — assignment.

Section 253.559 - Procedure for approval of tax credit — eligibility, how determined — certificate required — rehabilitation of property, evidence of capacity to finance required — commencement of rehabilitation, when — issuance of credits.